Both the United States and the European Union took further steps today to sanction certain entities within the government of the Russian Federation following the incursion by Russian forces into the Crimea in Ukraine. This action dovetails yesterday’s vote in the…
U.S. Sanctions Regulations Blog
Tracking Developments in U.S. and other International Sanctions Regulations
Blog Archives
Is Iran *Really* Open For Business?
These days the media is full of articles on Iran being on the verge of opening for business. An article in The New York Times today sums it up well – interest is high, but the sanctions laws have really…
Steering Clear of the OFAC Black List: How Much Checking is Necessary?
I was speaking to one of my [very diligent and thorough] individual clients the other day about his upcoming lawsuit in Iran and pending property sale, whereupon he asked me a fantastic question. Specifically, he asked “how do I know…
Funds Transfers from Iran: A Bad Case of the Black-Listed Bank
A key problem I often see among those whose who want to transfer money from Iran is the issue of designated Iranian banks. To be clear, all Iranian banks are on OFAC’s Specially Designated Nationals (SDN) list (the biggest of…
Posted in Uncategorized
How will an Iran/P5+1 Accord Impact Sanctions?
There is much curiosity surrounding what the immediate (as opposed to long term) impact of an accord between Iran and the Permanent UN Security Council members (the United States, United Kingdom, France, China, and Russia) and Germany (the so-called “P5+1”)…
Obama Speaks to Rouhani: Will Iran be Open for (US) Business?
Well, the two men have spoken. On Friday, President Obama called Iranian President Hassan Rouhani as the latter was leaving for Tehran following a four day tour to New York to take part in the annual United Nations General Assembly.…
New OFAC General Licenses for Iran Humanitarian and Athletic Activities
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued two general licenses (E and F) related to certain humanitarian and athletic activity involving Iran. This is but one more step in the direction of the…
Happy Ending to the Sanctions Tennis Story
For those wondering about the previous post regarding Iranian tennis referee Adel Borghei, happy news to report in case you have not kept up with the news (there was quite a lengthy follow-up article in the New York Times, which…
Farhad Alavi Quoted by New York Times
I was quoted in the New York Times on an article regarding the impact of sanctions on the rescission of an employment offer by the US Tennis Association (USTA) to an Iran-based tennis referee. The article discusses the on the…
The Great Sanctions Shipping Saga
It has been a number of years that the United States has been chasing down the Iranian shipping industry. Some years ago, OFAC designated the Islamic Republic of Iran Shipping Lines (IRISL) and a number of Iranian vessels on the…
Posted in Uncategorized
U.S. Sanctions Regulations Blog 